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Feb 4, 2013
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steve's going to lead this. you'll follow up with this conversation here. >> yes, we will. >> "squawk" will be right back. >>> making headlines this morning, a new twist at the center of the government's insider trading case against a former portfolio manager at s.a.c. it includes a trade that directly involves steven cohen, and possible line of defense they may take for the portfolio manager, and more importantly may raise questions about whether the government could build a case against cohen. federal prosecutors have claimed s.a.c. dumped too many shares in 2008 after the former employee matthew martomo received secret information from a doctor about a drug. they said s.a.c. shorted the stock after the announcement of bad news. but trading records reportedly indicate the hedge fund did not have a negative bet in place, in advance of the announcement of the drug trial's disappointing results. the records now indicate s.a.c. had no exposure, changing the narrative over what was happening here. often times, hedg
steve's going to lead this. you'll follow up with this conversation here. >> yes, we will. >> "squawk" will be right back. >>> making headlines this morning, a new twist at the center of the government's insider trading case against a former portfolio manager at s.a.c. it includes a trade that directly involves steven cohen, and possible line of defense they may take for the portfolio manager, and more importantly may raise questions about whether the government...
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Feb 1, 2013
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steve pointed this out to me. i think it a very good point. tip of the hat to you, steve. market overvalued then in 2007. not the same market. >> i'm exhausted listening to him. >> it is. somebody has it put the big picture in it and bob did that very nicely. how do you feel about the market at this point. >> it is almost ill logical because they are celebrating that the jobs report is good but not so good that the feds walk away. we are creating jobs but not enough to uncle benny will still sit there and everybody is getting what they want. that's a mistake. what you want is you want it see strong job creations so uncle benny can walk away. >> are you surprised at this rally? >> i am a little bit. >> this is tepid. >> i hear you and you know me, i've been cautious. so listen,er with struggling at 14,000. yeah we break through but now we are on the other side of it again. south of it. feels like it is just tired at the moment. i'm not saying it is not going to go higher but it has to consolidate. >> but ism was strong too today, sue. >> ism is strong which is one of the th
steve pointed this out to me. i think it a very good point. tip of the hat to you, steve. market overvalued then in 2007. not the same market. >> i'm exhausted listening to him. >> it is. somebody has it put the big picture in it and bob did that very nicely. how do you feel about the market at this point. >> it is almost ill logical because they are celebrating that the jobs report is good but not so good that the feds walk away. we are creating jobs but not enough to uncle...
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Feb 5, 2013
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steve? >> thank you, andrew. more than 71,000 fans were left in the dark at the super bowl on sunday. among them, a man with a unique perspective on the issue, david crane, nrg energy president and ceo. so, david, you have a plan, or something that's already in place, right, which is to bring solar power to metlife stadium, which is where there's -- the super bowl next year is going to be. >> yes, well metlife stadium has 1300 solar panels around the top of the stadium and they power the l.e.d. lighting. and then 25 times more power than the l.e.d. lighting so they add power to the full stadium. >> i have to say something, which is that my band just got a series of l.e.d. lights. they're amazing. this is a huge revolution in lighting. they're this big, they're really thin. they take no power. they're not hot. so that's part of why you could do this. how -- give us an idea, what is 1300 solar panels by way of power? how many homes is that? give us a context for that? >> well, in this case it'
steve? >> thank you, andrew. more than 71,000 fans were left in the dark at the super bowl on sunday. among them, a man with a unique perspective on the issue, david crane, nrg energy president and ceo. so, david, you have a plan, or something that's already in place, right, which is to bring solar power to metlife stadium, which is where there's -- the super bowl next year is going to be. >> yes, well metlife stadium has 1300 solar panels around the top of the stadium and they...
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Jan 30, 2013
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steve weiss. anybody want to make i don't kn want it bet on the ceo leaving or staying and the all of the rest of that and 9 paperwork going on. that seems to be what this is about as much as anything. i look to so many other names, eog, going through the list of names in the space that i think you have a much better feel of the stock. >> wait a minute. this is a stock that's been loved by a lot of people, a company that's been talked about for an awfully long time and it seemed to be that only thing overhanging this was people afraid to get in because of the mclendon overhang. >> two overhangs. you are looking at production that's come on-line from shale plays, natural gas. that put a cap on the stock. >> we are not always right and pete will show us how to manage a losing trade. right, pete? >> that's right sf. >> change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy.
steve weiss. anybody want to make i don't kn want it bet on the ceo leaving or staying and the all of the rest of that and 9 paperwork going on. that seems to be what this is about as much as anything. i look to so many other names, eog, going through the list of names in the space that i think you have a much better feel of the stock. >> wait a minute. this is a stock that's been loved by a lot of people, a company that's been talked about for an awfully long time and it seemed to be...
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Jan 31, 2013
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the jobless claims jumped, steve pointed out, probably some seasonalities there. i'll let the exkrierts cipher through that. i think tomorrow is what many are looking forwar ining toward. don't dismiss the income. the income is a nice number. i'm not sure how much impact issues pulling forward some of the fiscal cliff issues might have affected that number. but i'm sure that's going to be open to some debate, as well. we top 91 on the dollar/yen. hasn't happened in 2.5 years. we're going to continue to pay attention to what's going on in japan. a bit of depreciation in the currency. trying to appreciate their economy. i'm not sure if investors in the long run will appreciate the looted currencies. back to you. >> all right. steve, you're digging through? and you were going to tell us beforehand -- >> yeah. i guess you know, joe had asked me if i was ready to glom on. it was two weeks of good numbers so i was very happy about the jobless claims number. but i had shortly thereafter been informed i was wrong about that. it was a seasonal issue, similar to the '08 cal
the jobless claims jumped, steve pointed out, probably some seasonalities there. i'll let the exkrierts cipher through that. i think tomorrow is what many are looking forwar ining toward. don't dismiss the income. the income is a nice number. i'm not sure how much impact issues pulling forward some of the fiscal cliff issues might have affected that number. but i'm sure that's going to be open to some debate, as well. we top 91 on the dollar/yen. hasn't happened in 2.5 years. we're going to...
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Jan 29, 2013
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and i regret that my friend steve did not ask a tough follow-up question. anyway, don't forget free market capitalism is the best path to prosperity. you know, we can fit in immigration reform in to free market capitalism and help our country and help mexico and help latin america. i'm kudlow, we'll be right back. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. >>> welcome back, everybody. why is it that a very good reporter like steve croft couldn't ask tough questions of president obama and hillary clinton to find out the real narrative about that tragic night in benghazi, libya, when the ambassador and three other americans were killed? why can't we get this good journalistic coverage? here now is dan gainor. dan, welcome back. look, i've known steve croft for a while and i know he's a good journalist. but he didn't ask follow-up questions, he let hillary and obama get away with it. and we still do not know what happened that night in benghazi.
and i regret that my friend steve did not ask a tough follow-up question. anyway, don't forget free market capitalism is the best path to prosperity. you know, we can fit in immigration reform in to free market capitalism and help our country and help mexico and help latin america. i'm kudlow, we'll be right back. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. >>> welcome...
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Jan 29, 2013
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steve, you're first. >> in my hand, cnbc's exclusive survey. we haven't heard the word recession lately. you're about to. full contact up next. >> one word missing from the market rise. europe, whether there's a huge gap between what the markets are pricing in and what corporate america is saying. more "power lunch" is two minutes. to its lowest level in more than a year since january. the reason, higher social security taxes that left americans with less take home pay. the conference board saying its reading dropped to 58.6 in january. that's down from 66.7 in december and the lowest level since november of 2011, ty. >> sue, fed policy numbers kick off a two-day meeting today to discuss the economy and, of course, interest rates. where does wall street see the u.s. economy going from where we are today and what are the biggesthrea to the recovery? steve liesman fresh here with the results of the exclusive cnbc survey. take it away. >> really interesting results, tyler. i was not expecting this. one of the most important questions we ask month
steve, you're first. >> in my hand, cnbc's exclusive survey. we haven't heard the word recession lately. you're about to. full contact up next. >> one word missing from the market rise. europe, whether there's a huge gap between what the markets are pricing in and what corporate america is saying. more "power lunch" is two minutes. to its lowest level in more than a year since january. the reason, higher social security taxes that left americans with less take home pay....
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Jan 30, 2013
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and steve. thank you all very much. >> next up, the black gold and blood edition of street talk. >> and herb says one gadget that we all own will soon go the way of the dodo. the new buggy and "street signs" is back in a moment's time. sorry for that. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit.ng. >>> and it is street talk time. first of all, a stock we have been talking a lot about recently. herbalife. >> yeah. no real news out here today but the fight continuees. yesterday late in the day we learned this. that herbalife registered a bunch of internet domain names with bill ackman's name in there. right here, clearly stealing for a battle with ackman. let's be honest, it is bad optics. ackman winning his bid, the stock down about 8% year to date. >> next one we have is exxon with a cut. >> how do you pronounce that? is that an aussie bank? >> i think americans pronounce it macquarie. snrs
and steve. thank you all very much. >> next up, the black gold and blood edition of street talk. >> and herb says one gadget that we all own will soon go the way of the dodo. the new buggy and "street signs" is back in a moment's time. sorry for that. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit.ng. >>> and it is street talk time. first of all, a stock we have...
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Jan 30, 2013
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steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later on. >> when the gdp number hit the tape, karen, were you surprised we were able to look past it? we did see the futures go lower and it just kind of -- as if it didn't happen. >> yeah, funny that the same information in another era, three months ago would have been a disaster. i don't know how to account for it. starting to see the volatility index speak to that. you can probably speak much better about that than i. >> it has picked up dramatically. 7.5% today. after -- what, four out of the last five days, we've seen the vix rise. made it through 14 tod
steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later...
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Feb 6, 2013
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go to steve. steve has a question. >> let's look at growth, a couple things we could do that would dramatically improve the u.s. growth prospects. first of all, roger, before we begin that conversation, is america in a permanent 2% growth world or is 3% a reasonable achievable prospect? >> no, in my opinion we are not in a 2% growth mold, if you look beyond 2013, i think you can see a scenario we do a lot better than that on growth because of housing, manufacture and gas, housing and revived consumer and the odds we get to 3% plus, 2014, 2015, 2016 are better. >> is that part of your corporate planning? >> we plan conservatively. i thought you end up with a better outcome. >> you have to have flexibility. you never go into it saying here's my number. by the same token, if you plan for this kind of sales number and put costs into that, it's a heck of a lot tougher to take costs out. i have concern about the debt and drag that puts on the economy. there are two things they could do that would help t
go to steve. steve has a question. >> let's look at growth, a couple things we could do that would dramatically improve the u.s. growth prospects. first of all, roger, before we begin that conversation, is america in a permanent 2% growth world or is 3% a reasonable achievable prospect? >> no, in my opinion we are not in a 2% growth mold, if you look beyond 2013, i think you can see a scenario we do a lot better than that on growth because of housing, manufacture and gas, housing...
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>> steve, you're absolutely wrong there. >> what does it have to do with the printing presses? >> what i'm saying part of it, you can't blame it all on government spending. >> yes, i can, as a matter of fact. i can blame it on inventory from government spending. >> hold on. >> would you be willing to admit that the foundation of the economic recovery thus far has been housing and that the fed by its policies of late have at least somewhat helped the recovery in housing which has helped the overall economy which has helped the stock market go up. >> what recovery? we're at a negative gdp. >> it hasn't helped housing but it's about to. >> a recovery in housing. let's at least establish that. >> you're saying leading the economy is housing. housing is doing better, but the economy is -- we have a negative print on the numbers. >> that's the best strategy. don't look at the details. only look at the top line and take it at face value. that's your strategy? >> consumer spending, business investment is up. >> 8.9 boston on business spending, that's irrelevant. >> the strategy for inv
>> steve, you're absolutely wrong there. >> what does it have to do with the printing presses? >> what i'm saying part of it, you can't blame it all on government spending. >> yes, i can, as a matter of fact. i can blame it on inventory from government spending. >> hold on. >> would you be willing to admit that the foundation of the economic recovery thus far has been housing and that the fed by its policies of late have at least somewhat helped the recovery...
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Feb 6, 2013
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i'm going to give it to steve. >> wow. this is karen's first defeat. >> look, i've been defeated already by this stock the last two days, so, i -- you know, i -- >> i'm sorry to pile on. >> no, no, that's okay. >> fedex rallying to fresh 52-week highs. this as the u.s. postal service will stop first class mail service on saturday, starting in august. mike khouw, how are the options traders trading fedex at this point? >> the option traders are making short-term bearish belts. the most active by the february 105 puts. these expire a week from friday. they were buying them at 85 cents on average. that means they are expecting the stock to be below in just over a week. >> all right. you can catch more options actions every friday at 5:00 on cnbc. >>> coming up next, banking on the hottest trade in the world. and romming the dice on online gambling stocks. why one investor has a beef with one of gambling's biggest names. >>> plus, we pace wagers on some winners. >>> plus, jeremy stoppelman. his thoughts on the latest earnings
i'm going to give it to steve. >> wow. this is karen's first defeat. >> look, i've been defeated already by this stock the last two days, so, i -- you know, i -- >> i'm sorry to pile on. >> no, no, that's okay. >> fedex rallying to fresh 52-week highs. this as the u.s. postal service will stop first class mail service on saturday, starting in august. mike khouw, how are the options traders trading fedex at this point? >> the option traders are making...
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Jan 30, 2013
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the reality is, as steve pointed out, the economy is not contracting at all. the inventory numbers flip all over the place. think about this going forward. other than the drag from government, there's probably the biggest opportunity in the last six years to see the u.s. economy hit on all four cylinders. and if you expand that to implications in asia, in europe, you have the possibility, in my case the likelihood of one of the biggest expansions in world economic activity since '05, '06. so this is exciting. >> jerry, i'm sorry, forgive me. so you're saying, this is a very exciting situation, because the u.s. economy didn't grow at all in the fourth quarter, therefore, we can go all guns blazing moving forward? that seems extraordinary. an extraordinary comparison to make. >> right. remember this, simon, stock investors are buying companies based on their ability to earn anywhere from a year to three years out. our focus isn't on how many inventories were liquidated in the fourth quarter. our focus, and the focus on the stock market getting through 1400, 1500
the reality is, as steve pointed out, the economy is not contracting at all. the inventory numbers flip all over the place. think about this going forward. other than the drag from government, there's probably the biggest opportunity in the last six years to see the u.s. economy hit on all four cylinders. and if you expand that to implications in asia, in europe, you have the possibility, in my case the likelihood of one of the biggest expansions in world economic activity since '05, '06. so...
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Jan 31, 2013
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then may 2006, steve jobs apologized for a scandal. stock is down quite a bit. then january 2008, post iphone, apple at macro. steve jobs did the keynote. people say, what? mac book air. they can't innovate any more. sent the stock down that month. more than 14%. then we've got september 2008. fears about the economy. morgan stanley and another bank downgraded apple stocks saying they are probably going to get hurt worse than everybody else as economy deteriorates. plus concerns about margins and cutting iphone orders. so interestingly enough there's never been a time when apple stock was down more than 14% and the nasdaq was up until now. sue? >> very interesting, john. thank you so much. >>> china on the attack. michelle caruso-cabrera is up next. michelle? >> the times did something extraordinary, and it is major embarrassment for the chinese government. all news fit to broadcast, next on "power lunch." >>> united parcel service getting hit today. you can see the stock down 1.72. about 2% slide. package deliverer reporting weaker than expected earnings and we
then may 2006, steve jobs apologized for a scandal. stock is down quite a bit. then january 2008, post iphone, apple at macro. steve jobs did the keynote. people say, what? mac book air. they can't innovate any more. sent the stock down that month. more than 14%. then we've got september 2008. fears about the economy. morgan stanley and another bank downgraded apple stocks saying they are probably going to get hurt worse than everybody else as economy deteriorates. plus concerns about margins...
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>> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good for lockheed and raytheon. we have an attack inside syria. expecting international sales to grow over 10% this year. but book it bill is quote under tremendous pressure. anything close to 1 is concern. it is hard it kre re krut quality talent to build the best weapons system in the world with this budget uncertainty. sue? >> thank you very much, jane. >>> breaking news right now, another auction,
>> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march....
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Feb 6, 2013
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steve nahn is from mit. monica dunford from the university of chicago. and steve goldfarb is from the university of michigan. >> so there's a lot of americans here. >> there's a lot of americans here. in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like opening a whole new window that you never saw before. and you open the window, and you get a whole new vista of things that might happen that you didn't have access to before. so from a scientist's point of view, it's the biggest thing to happen in particle physics in, say, 20 or 30 years. >> yeah. >> what's the average person gonna get out of this? >> what the--the best thing is, we don't know. >> some scienti
steve nahn is from mit. monica dunford from the university of chicago. and steve goldfarb is from the university of michigan. >> so there's a lot of americans here. >> there's a lot of americans here. in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the...
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steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a speck, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. and i like it a lot, but you know what? i saw an opportunity today, bill mcdermott's s.a.p. he's co-ceo, down from 83.60 to 80. pull the tri
steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative...
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Jan 31, 2013
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not so fast, steve weiss. our traders are quick but not always right. last week mr. weiss made a call on r.i.m. ahead of the release on blackberry 10. >> as news of the phone keeps seeping out, the stock keeps going higher. that's positive. you see people coming back to the blackberry, particularly corporate america. >> unless they say bye-bye and the news comes up and it's a sell on the news event. >> buy it there because it's going to go back up. >> well, well, mr. weiss, the stock has taken a hit after the blackberry 10 announcement, down about 12% since that call. what do you think now? >> i've been very visible in terms of the show how i've played it. bought the stock early, sold half of it a week or so ago. i'm smarting from that obviously. here's the deal, i was at the launch, played around with the phone, spoke to some of their largest corporate customers which are some of the biggest companies in the world, they're enthused about it. they do prefer the bb10 over the iphone, definitely over android because of security issues so look, did it go perfectly in te
not so fast, steve weiss. our traders are quick but not always right. last week mr. weiss made a call on r.i.m. ahead of the release on blackberry 10. >> as news of the phone keeps seeping out, the stock keeps going higher. that's positive. you see people coming back to the blackberry, particularly corporate america. >> unless they say bye-bye and the news comes up and it's a sell on the news event. >> buy it there because it's going to go back up. >> well, well, mr....
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Jan 29, 2013
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steve liesman with the question. over to you, steve. >> very simple answer, maria, not any time soon. our cnbc fed survey for the month of january. we asked 52 economists, fund managers and wall street strategists how much quantitative easing will the fed do 2013, and can you just tell by this chart what the answer is. this is the percentage of respondents at a given level and the big number here is $1 trillion. if you average it out for all the respondents, it's 858 billion of asset purchases by the federal reserve this year. now that averages out to about $72 billion a monday. under the current level, that's because they believe the fed will eventually taper off, and that could begin this year, but not end it. let's take a look at when on average our respondents think that the fed will finally end question. you can see the biggest percentage here say it is in the fourth quarter, but a lot of answers go well into the third quarter, 2014, 20% here and 22% there. not a lot of conviction when it comes here. what's more
steve liesman with the question. over to you, steve. >> very simple answer, maria, not any time soon. our cnbc fed survey for the month of january. we asked 52 economists, fund managers and wall street strategists how much quantitative easing will the fed do 2013, and can you just tell by this chart what the answer is. this is the percentage of respondents at a given level and the big number here is $1 trillion. if you average it out for all the respondents, it's 858 billion of asset...
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steve, thank you very much for joining us. >> coming up. the shocking statement in europe that is putting one president to shame. >> good news for you, brian. we have an upgrade for your stock pick. it is best buy. talking bought analyst. he says buy maybe best buy. coming up. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> we certainly love bold calls here on "street signs." if this isn't bold, i don't know what is. an upgrade on best buy. yeah, you heard us right. let us bring in the brave soul making the call, from capital markets. anthony, you and i have interviewed many times in the pass. so i know you are a sane man. make the case for the best buy. >> a man after your own heart perhaps? >> sure. basically there's three main parts to our n
steve, thank you very much for joining us. >> coming up. the shocking statement in europe that is putting one president to shame. >> good news for you, brian. we have an upgrade for your stock pick. it is best buy. talking bought analyst. he says buy maybe best buy. coming up. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a...
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Feb 4, 2013
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pete and steve clash over whether you should buy shares of the social media giant. that street fight is up next. hello! how sharp is your business security? can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. >>> facebook getting soft. shares off more than 13% over the past five sessions, leaving some to question the stamina of facebook's recent rally. the activity sparking a street fight. pete is the bull, steve is the bear tonight. we've got 80 seconds -- >> 80 seconds? >> i think it's 90 seconds. pete, you're up first. >> let's a very difficult bull argument right now. if you are looking at valuation, it's very difficult. but when you look at what they've been able to do, mark zuckerberg came out, everybody wanted him to produce with mobile. he's don
pete and steve clash over whether you should buy shares of the social media giant. that street fight is up next. hello! how sharp is your business security? can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated...
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Jan 29, 2013
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steve weis ladies and gentlemen. crude hitting a four-month high today. for more let's bring in mandy drury. >> hey there. you know, oil is currently breaking 97 bucks for the first time since september so how long before we hit 100 bucks a barrel? let's start talking futures now. the cme in chicago, i want to get to you, let's zoom out for a second. what is oil trying to tell us about global growth? is this a good indicator? >> well, mandy. a lot of folks on the floor in these pits are debating is it really global growth we're seeing and this price moving up in crude or is it more central bankers globally intervening? right now we are seeing crude. lock and step with the equity market and as equity markets make new highs we're seeing price distortion and more importantly a short squeeze in crude oil. so as we near $98 i think technically it's a little over done but everyone has been looking for the hundred dollar mark. we may not see it short term. we'll see it long term in 2013. >> we really like the round numbers don't we from a psychological perspecti
steve weis ladies and gentlemen. crude hitting a four-month high today. for more let's bring in mandy drury. >> hey there. you know, oil is currently breaking 97 bucks for the first time since september so how long before we hit 100 bucks a barrel? let's start talking futures now. the cme in chicago, i want to get to you, let's zoom out for a second. what is oil trying to tell us about global growth? is this a good indicator? >> well, mandy. a lot of folks on the floor in these pits...
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i don't see mark zuckerberg as steve jobs. hem has a lot of proving to do before we can throw that label on him. >> sounds like maybe guy won. >> for now. the market will be the ultimate juror judge, but for now, we'll see. >> tight on that. nice. >> what do you do when your company's first ever $4 million super bowl commercial gets reje rejected? that's what happened to our next guest, when the ad you're watching was banned by cbs. the network hosted this year's big game, of course. for more, let's bring in the president of soda stream. so, this is the actual commercial that had been rejected. and there are some reports by advertising age it was rejected because it was too provocative. it took pot shots at coke and pepsi, which, by the way, are super bowl advertisers in major ways. what was that the reason? >> when we made the ad, we thought it wasn't going to be rejected. it is a play on prior ads that coke and pepsi have done with the delivery guys that play after obvious each other. we were pretty surprised that happened.
i don't see mark zuckerberg as steve jobs. hem has a lot of proving to do before we can throw that label on him. >> sounds like maybe guy won. >> for now. the market will be the ultimate juror judge, but for now, we'll see. >> tight on that. nice. >> what do you do when your company's first ever $4 million super bowl commercial gets reje rejected? that's what happened to our next guest, when the ad you're watching was banned by cbs. the network hosted this year's big...
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Feb 6, 2013
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on the fundamental point it's steve cortes founder of veracruz and cnbc contributor. did i read this correctly, you shorted disney? >> listen, it's not easy to fight a stock that has it at an all-time high but this has gotten very frothy. as a disclaimer i have to admit that i took the disney cruise with my kids a few years ago. let me tell you something it was hell on the water. got the norovirus. i would rather have been on the endurance stuck in the ice than on that boat, but aside from that, i do have real world reasons outside of my own experience to fight disney one, a fundamental one and technical one even though i'm supposed to be the fundamental guy. the fundamental reason is falling wages. wage growth is tepid at best in this economy. b of a put a report out that this week with high gasoline prices and falling wages that's a toxic recipe going forward and the second reason, and when i look at apple versus disney, these two stocks until roughly thanksgiving traded very much in unison and we've seen a very we well-advertised plunge. i think that's broader and
on the fundamental point it's steve cortes founder of veracruz and cnbc contributor. did i read this correctly, you shorted disney? >> listen, it's not easy to fight a stock that has it at an all-time high but this has gotten very frothy. as a disclaimer i have to admit that i took the disney cruise with my kids a few years ago. let me tell you something it was hell on the water. got the norovirus. i would rather have been on the endurance stuck in the ice than on that boat, but aside...
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let's bring in our friend steve grasso. welcome. you know, a big day for the market recapturing this important level of 14,000. where do we go from here? what are the traders looking for to take it the next leg? >> you know, you spoke about the levels in the dow and the level in the s&p. this is going back to december of '07 levels. so that 1510 mark, once we took that out and we're right around it right now, it's 15 and a quarter, right back to the old highs. 1576. everyone is cautiously optimistic. they are positive on a lot of their own individual stories but we're also waiting for the other shoe to drop. that is just the state of what it's like on the floor. >> it's been such an interesting move that the market is largely able to look past, cover its ears, from any of the noise out there. that helped us get where we are now. can we continue to look past some of the issues to take it further? >> there have been so many issues. first europe, then the united states. all of that seems to be a secondary issue for investors. they're h
let's bring in our friend steve grasso. welcome. you know, a big day for the market recapturing this important level of 14,000. where do we go from here? what are the traders looking for to take it the next leg? >> you know, you spoke about the levels in the dow and the level in the s&p. this is going back to december of '07 levels. so that 1510 mark, once we took that out and we're right around it right now, it's 15 and a quarter, right back to the old highs. 1576. everyone is...
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>> steve, real quick. how does geithner get a 2.2 when he was on the job effectively ultimately saving the economy, and lew, who has never had the job gets a 2.0? >> that is the number that came in. i don't know the reasons for it. there wasn't a lot of commentary. there were -- >> what did paulson -- >> we did not grade paulson. we didn't grade paulson. but this is the -- >> you should >> you come on with a 2.0. you're going to a decent state school. >> i'm having that discussion with my son right now, joe, i don't know about you. >> but a 2.0 my parents would have -- they wouldn't have -- >> grounded. >> i think it was probably worthy of more discussion. it was a long survey this time around and we just asked -- >> i think next survey >> measure all treasury secretaries the past decade or two. >> and see who they rate an "a." >> there was a guy in animal house. >> joe are you saying? what grade would you have given? >> i remember one -- plutarski had a zero. he had no number whatsoever. and dean warmer,
>> steve, real quick. how does geithner get a 2.2 when he was on the job effectively ultimately saving the economy, and lew, who has never had the job gets a 2.0? >> that is the number that came in. i don't know the reasons for it. there wasn't a lot of commentary. there were -- >> what did paulson -- >> we did not grade paulson. we didn't grade paulson. but this is the -- >> you should >> you come on with a 2.0. you're going to a decent state school....
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my bet is this stock goes higher tomorrow and you say, steve, you're right. >> last word to you, doc. >> i'm hoping i won't have to say steve, you're right, something i haven't done before and hoping this won't be the first time. >> and now twho made the more compelli compelling argument? >> the doc did. too much risk on green mountain coffee. if i want my coffee trade will look at sjm or starbucks. >> since the beginning of january nearly 250 stocks in s&p 500 have hit newhighs, many names you probably have in your portfolios. we will trade some names and put them on the wall. have a look at these names. which stocks have hit new highs. >> jpmorgan, one of the names we talked about. i think this name will be in the 50s before you blink and will happen very soon. we had a debate on netflix. i think it is on its way towards 200. on its way now, $183. i know there's a big short and part of why it's moving up the way it is. i realize it was under 100 before earnings but i think it has 200 written all over it. >> goldman sachs, picking up incredible amounts of market share. i think there
my bet is this stock goes higher tomorrow and you say, steve, you're right. >> last word to you, doc. >> i'm hoping i won't have to say steve, you're right, something i haven't done before and hoping this won't be the first time. >> and now twho made the more compelli compelling argument? >> the doc did. too much risk on green mountain coffee. if i want my coffee trade will look at sjm or starbucks. >> since the beginning of january nearly 250 stocks in s&p 500...
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and steve has done a good job. >> microsoft, would you ever return to the ceo office? >> i'm engaged but my full time work will be the foundation work. microsoft is a competitive field, surface computer is doing well, so, you know i'll i share lots of ideas about where it should go and the field as a whole should be proud of how quickly it's moving and microsoft will lead in those areas. >> you and melinda have given away some billions how do you see your work now? >> we are committed to the diseases that affect the poorest. all of the childhood conditions. and until we treat the health of that poor child as being as important as the health of a rich child, that gives us decade after decade of needing to make progress. mali malaria is a great story. we are funding drug companies and new concepts that will when we get them, will eventually give us enough to take whole countries and get malaria to zero and some day that will become a disease like small pox and won't be killing anyone. >> what continuing investment is needed at this point? who are the stakeholders that yo
and steve has done a good job. >> microsoft, would you ever return to the ceo office? >> i'm engaged but my full time work will be the foundation work. microsoft is a competitive field, surface computer is doing well, so, you know i'll i share lots of ideas about where it should go and the field as a whole should be proud of how quickly it's moving and microsoft will lead in those areas. >> you and melinda have given away some billions how do you see your work now? >> we...
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steve wynn is saying his company is building like the successful little pig. houses of brick. well, the company beat on the top line, but had an 8 cent miss, coming in at $1.17 instead of $1.25. the problem is macao. they had $100 million january, it's going to be better than last year, for the quarter that just ended, the v.i.p. segment fell. they spent $57 million on a project. they are going to start laying the town station the day after chinese new year. cost between $3.5 and $4 billion. and he insists it will have the necessary wow factor for the chinese. >> we don't focus very much on the top line. because so much of it is noise. we have 9% or 10% of the revenue, but we have double the amount of it in the project and less interest than our expense. so, when it comes to taking home money, we get very, very healthy. >> the good news, vegas, baby, coming back. everything better than a year ago. higher than expected win percentage of 27%. january tracking better. problem is, of course, vegas net revenues aren't even half what they are in china. steve talked about howl he's w
steve wynn is saying his company is building like the successful little pig. houses of brick. well, the company beat on the top line, but had an 8 cent miss, coming in at $1.17 instead of $1.25. the problem is macao. they had $100 million january, it's going to be better than last year, for the quarter that just ended, the v.i.p. segment fell. they spent $57 million on a project. they are going to start laying the town station the day after chinese new year. cost between $3.5 and $4 billion....
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we're trading the action today with steve weiss, stephanie link and simon baker. what is it, pullback or push higher? >> what i'm doing is you take a look at your portfolio, say how much beta exposure do i actually have? i think you want to reduce the exposure to beta now. remain long in the marketplace, but own some of the large megacap type holdings. that gives you the ability to reduce some of your risk, rather, and for my final trade, a megacap name that will beat strongly to the upside. >> where do we go from here? >> the market always has to correct at some point. i'm not sure we can go through quite a correction. i think we have 2%, 3% down as we said before. we never know what the reason is going to be, which is what the surprise is. so we got it through europe today. i don't think it is anything that is going to be endemic, that will take the market down quite a bit. i agree with joe a little bit. we have gone pretty far, pretty fast. pretty far, pretty fast. so i also like the strategy. but i'm not selling anything. if anything, if the banks weaken furth
we're trading the action today with steve weiss, stephanie link and simon baker. what is it, pullback or push higher? >> what i'm doing is you take a look at your portfolio, say how much beta exposure do i actually have? i think you want to reduce the exposure to beta now. remain long in the marketplace, but own some of the large megacap type holdings. that gives you the ability to reduce some of your risk, rather, and for my final trade, a megacap name that will beat strongly to the...
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steve tweets, hi, with an exclamation point. wonder if coal is dead, particularly arch coal or is there some hope long-term? >> it was a disasers of a quarter. the only good news, 35 million trades, seven times normal volume. there's still better places to be if you want to play coal. play it with the rails. we talked about it for awhile. ksu. >> and tim, jared tweets to you -- >> jared? what's up buddy. >> finally people are starting to realize apple is too cheap. maybe buffett is watching? >> well, jared, come on. apple is cheap. 10 1/2 times is very tough. but buffett jumping in to be a savior this is not goldman sachs in the middle of the crisis. no way. >> way to tell jared. got your first move tomorrow when we come right back. stay tuned. oh this is lame, investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they
steve tweets, hi, with an exclamation point. wonder if coal is dead, particularly arch coal or is there some hope long-term? >> it was a disasers of a quarter. the only good news, 35 million trades, seven times normal volume. there's still better places to be if you want to play coal. play it with the rails. we talked about it for awhile. ksu. >> and tim, jared tweets to you -- >> jared? what's up buddy. >> finally people are starting to realize apple is too cheap. maybe...
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>> mark, steve, thank you all! >> it's now billion dollars. >> don't convince mark zandy -- >> that's what i'm worried about. >> the 8$800 billion, we're goo, on track. >> i can't reach anybody in the administration on the phone. >> 8$800 billion can take the form of tax cuts. >> austerity in europe is never austerity, tax hikes. >>> coming up, a drop in gdp in the fourth quarter, that's weird. the first gdp decline since 2009. we have marty feldstein to weigh in. he will join us next. a harvard professor and chairman of president reagan's council of economic advisors. where is he when we need him. futures at this hour indicated now -- >>> welcome back, everybody. the federal reserve putting the finishing touches on a two-day meeting this afternoon with a discussion on interest rates. earlier we talked to someone from the "wall street journal" and said the interest rates is why this could be working. >> look at the home sector, auto sales. what's happening the fed is looking at what's going on in the economy and sa
>> mark, steve, thank you all! >> it's now billion dollars. >> don't convince mark zandy -- >> that's what i'm worried about. >> the 8$800 billion, we're goo, on track. >> i can't reach anybody in the administration on the phone. >> 8$800 billion can take the form of tax cuts. >> austerity in europe is never austerity, tax hikes. >>> coming up, a drop in gdp in the fourth quarter, that's weird. the first gdp decline since 2009. we have...
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>> thank you very much, steve. let's bring in the chief financial economist at jefferys. thank you for joining us. >> good morning. my pleasure. >> now, i think as far as most of the public is concerned, these figures are stub pbornly low. but i guess the good news is, the glass half full argument is the fiscal cliff in december didn't really hurt the employment picture from where we have been. and indeed, the tax rises that we had in january, similarly don't appear to have suppressed the job growth either from that relatively low level. would you agree? >> well, the data is a little bit muddled right now for a variety of reasons, including the fiscal cliff. but i think that what we have seen from the data, and this is including the employment numbers this morning, is that the economy is very resilient. that it's healing. that the labor market is zigzagging in the right direction. i would have been happier if the household survey was as encouraging as the establishment survey. but we've had divergences for most of this recovery. >> let's talk about the employment and cons
>> thank you very much, steve. let's bring in the chief financial economist at jefferys. thank you for joining us. >> good morning. my pleasure. >> now, i think as far as most of the public is concerned, these figures are stub pbornly low. but i guess the good news is, the glass half full argument is the fiscal cliff in december didn't really hurt the employment picture from where we have been. and indeed, the tax rises that we had in january, similarly don't appear to have...
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steve? >> yeah, melissa, i can't help myself. isn't of the than something comes along that dramatically changes the look of some of the long-term economic charts we look at every day. the early dividend payments of december made from all the companies paid ahead of the fiscal cliff fears and tax hikes, they have done just that. get to that chart in just a second. first, i want to show you the data here, personal income in december up a whopping 2.6% but spending up only 0.2%. well, it wasn't wages that drove personal income. what was it? it was dividends, up 33%. because that huge dividend payment wasn't spent, the savings rate surges 6 1/2% to 4.1%. here is the chart we are talking about. dividends go along, they surge, in the 50 year of data that i have there, there's nothing like these two points in any of the other points of time there the first payment analyzez out to 235 billion. ahead of the tax years, 268 billion in december of 2012. of course, we will pay for this surge, the surge in dividends at & ul rate, borrow from t
steve? >> yeah, melissa, i can't help myself. isn't of the than something comes along that dramatically changes the look of some of the long-term economic charts we look at every day. the early dividend payments of december made from all the companies paid ahead of the fiscal cliff fears and tax hikes, they have done just that. get to that chart in just a second. first, i want to show you the data here, personal income in december up a whopping 2.6% but spending up only 0.2%. well, it...
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what date did we do it in december, steve? has it been four weeks? >> i'll have to check. >> so it's really -- >> the 8th. >> it can't be the 8th. >> but it was a quick turnaround. we were just here. >> really? >> i wasn't here. >> it was a pretty good -- >> you mean january was good? the 4th? >> yeah, that's what i mean. >> i think they did it late, didn't they? i don't know it just came around really fast. >> do you know what happened yesterday? >> you made some ridiculous comments. >> ridiculous -- >> you had to do this torturous calisthenics to get the idea that maybe capitalist was treated better in the private sector. >> i understood what you were saying. >> we've assembled our -- we've assembled our -- >> got it. >> he finally came around to that. >> it was painful. >> question about austerity. >> it was painful. >> going to be short-term pain for long-term gain. >> that's right. i was just yelled at by the producer. >> we've assembled our panel of -- thank god -- bring us predictions and analyze the data. austan goolsbee, who -- he was just h
what date did we do it in december, steve? has it been four weeks? >> i'll have to check. >> so it's really -- >> the 8th. >> it can't be the 8th. >> but it was a quick turnaround. we were just here. >> really? >> i wasn't here. >> it was a pretty good -- >> you mean january was good? the 4th? >> yeah, that's what i mean. >> i think they did it late, didn't they? i don't know it just came around really fast. >> do you know...
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joining us now democratic strategist john halinko and steve moore, i love this. harry reid today wants to turn an across the board spending cut into a tax hike. >> it is hard for president obama to make the case against it because it was barack obama's idea in the first place to have it. now democrats are sprinting from it. the reason is democrats thought republicans wouldn't be able to swallow the sddefense cuts. but they came to the conclusion, it is the only way to cut spending and the idea that we are going to transfer and get rid of the sequester and raise taxes. if any single republican voted for that, i would want them extracted from the party. it is the opposite of what we want. we had the biggest tax increase weeks ago. >> what is the president's position going to be? is he going to team up with harry reid and turn this into a tax hike xwbill? >> what we need to do is focus on the long-term deficit. i agree. you raised the point about the need to get together and come up with a deal and eliminate the deficit, that would be great. but cutting a massive, m
joining us now democratic strategist john halinko and steve moore, i love this. harry reid today wants to turn an across the board spending cut into a tax hike. >> it is hard for president obama to make the case against it because it was barack obama's idea in the first place to have it. now democrats are sprinting from it. the reason is democrats thought republicans wouldn't be able to swallow the sddefense cuts. but they came to the conclusion, it is the only way to cut spending and the...
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if you talk to a steve tanger, he says, have faith in frankfurt. i have faith in roger, ralph lauren, i have tremendous faith in trinko. i don't have as much faith -- >> jcpenney, ron johnson on the show today. >> stock investing. >> 11:30 a.m. already reports about some layoffs at corporate offices. sales for the month of the quarter down. >> hasn't moved yet, because he's got kids in high school. hasn't moved to the west. i got news flash. they do have high schools in -- >> no, really? >> egg mcmuffin research, there are high schools there. my daughter met someone who went to high school in plano. very smart guy. that's a little anecdotal for you, maybe not empirical. you don't necessarily have to keep your house in california if you're running jcpenney. >> it's been a while. it has been a while. >> when they graduate, the guy's going to make a beeline. >> it's hard to move kids. >> it is? >> yeah, it is. i'm trying to give the guy a break here. >> i actually -- i want to move up. i don't want to get into this. i would like to move. would you hel
if you talk to a steve tanger, he says, have faith in frankfurt. i have faith in roger, ralph lauren, i have tremendous faith in trinko. i don't have as much faith -- >> jcpenney, ron johnson on the show today. >> stock investing. >> 11:30 a.m. already reports about some layoffs at corporate offices. sales for the month of the quarter down. >> hasn't moved yet, because he's got kids in high school. hasn't moved to the west. i got news flash. they do have high schools in...
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steve, over to you. >> simon, thanks. if you're a bull on stocks, this will be a depressing report for you. hour 52 economists and strategists not all that optimistic for the s&p over the remainder of this year. here's where we were close of business yesterday, right around 1500. now, they have raised the outlook for the s&p successively over the course of the year through our surveys. they were down here around 14, 15. now they're at 1505. you can see from now through the summer, they don't see a whole lot happening with stocks. this survey was just taken in the last week. a little bit more optimistic about december 2013, or the end of the year. but from where we are right now, you can see they're only up 3.1%. now, if we push this over to the side, what we can see is maybe the reason is they think stocks will fight a rising ten-year yield environment. we're now 197. at least as of close of business yesterday. by june, a little above 2%. by the end of the year, 2.13%. not a lot. that may be one of the ropes why wall stre
steve, over to you. >> simon, thanks. if you're a bull on stocks, this will be a depressing report for you. hour 52 economists and strategists not all that optimistic for the s&p over the remainder of this year. here's where we were close of business yesterday, right around 1500. now, they have raised the outlook for the s&p successively over the course of the year through our surveys. they were down here around 14, 15. now they're at 1505. you can see from now through the summer,...
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with all due respect to you and steve law and karl rove, with all the greatest respect, i want to run a list. you had nothing to do with electing these brilliant tea party senators. i mean brilliant. pat tumey. >> we spent money on him. >> marco rubio. >> we spent money on him. >> rand paul. >> we spent money on paul. >> and mike lee. that's good. they won the primaries, did good and you won. why do you want to mess with the blim guys and take on the tea party? you will take on the club for growth, take on americans for prosperity. you are going to make one bloody mess inside the gop. that's what you're going to do. >> this whole line about a war going on against the tea party has nothing to do with us. we want to institute what william f. buckley calls his rule to elect the most conservative candidates in primaries capable of winning in generals. when it comes to supporting tea party candidates american crossroads and crossroads gps are bigger supporters than anyone. we spent $30 million helping conservative candidates like richard murdoch, todd akin before he said the crazy stuff in
with all due respect to you and steve law and karl rove, with all the greatest respect, i want to run a list. you had nothing to do with electing these brilliant tea party senators. i mean brilliant. pat tumey. >> we spent money on him. >> marco rubio. >> we spent money on him. >> rand paul. >> we spent money on paul. >> and mike lee. that's good. they won the primaries, did good and you won. why do you want to mess with the blim guys and take on the tea...
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wrong side of the tech tracks, even as i know only one person who uses anything except apple and that's steve balmer, my college friend who runs microsoft. i didn't hear anything from blackberry today that tells me the erosion won't continue. but the market's saying so what. apple's a has been and amazon's future has never been brighter. amazon makes money selling the eblades, the business model is loved. apple, though, is a raizor. apple has to constantly innov e innovate, but the old razors are working well with the new blades. the valuations for amazon, anything, eye of the beholder. if apple wants to regain the petina of growth, apple's sitting on $137 billion of cash, amazon's market cap, $123 billion, apple should buy amazon. something to restore the company's status as an invulnerable growth stock. life is unfair. the great stock prognosticator jimmy carter told us that. i say cry me a river the size of the amazon because apple's rain forest eco system is being challenged by development everywhere. when you have turbo charged growth, you can get away with anything. and reality places n
wrong side of the tech tracks, even as i know only one person who uses anything except apple and that's steve balmer, my college friend who runs microsoft. i didn't hear anything from blackberry today that tells me the erosion won't continue. but the market's saying so what. apple's a has been and amazon's future has never been brighter. amazon makes money selling the eblades, the business model is loved. apple, though, is a raizor. apple has to constantly innov e innovate, but the old razors...
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Feb 6, 2013
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steve grasso is with us. good to see you. >> good to see you. >> we aren't seeing a sell-off. we are seeing more consolidation. >> the other day when we chatted, we talked about the 1500 level. we still wined up above this level. so it is a huge mental level. the other day we learned that europe is still on the forefront of a lot of investors posts minds, but not overly preoccupied with the notion of the market selling off in the united states. >> what are you watching in terms of headline risks for this market right now? you mentioned europe. how high is that on your agenda for the market? >> it is a higher than it was. i thought we handled it. i'm not being facetious. i thought we handled the europe situation. i thought we stopped everything. i thought it was a nonissue. the other day it taught us, it is still there and still a risk. >> are you worried about washington? with the sequester moving large? >> you could have asked me that six months ago, i would have said it is a huge issue. but even though we do have divided government, it seems as though, maybe it doesn't look
steve grasso is with us. good to see you. >> good to see you. >> we aren't seeing a sell-off. we are seeing more consolidation. >> the other day when we chatted, we talked about the 1500 level. we still wined up above this level. so it is a huge mental level. the other day we learned that europe is still on the forefront of a lot of investors posts minds, but not overly preoccupied with the notion of the market selling off in the united states. >> what are you watching...
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Feb 1, 2013
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i ran into steve liesman there. he wanted to get me out for a drink, but you know how hard that is. anyway, you know, i think that the consensus is that the crisis is behind us. not just the european crisis but the whole crisis. and this relief we are having gives a sense of euphoria and is pushing us higher. and i don't see anything standing in the way after serious pull back until we get saip up around 1575 and then i think we're going to out for a while. >> for the investors perspective bb what is the best way to play those game you are predicting. >> well i am still bullish on equities. in december you asked me for a crazy ada and i told you pain was pretty loco and it is about about 8% and we have a lot more room to run in spain. japan, given what avi is doing? japan. >> have you been talking with brian sullivan? that one of his 2013 predictions. i think he is doing his victory lap and it is only february 1st. >> i made that prediction last year. what do you think? >> i think that you're dead right, brian. if you want a job at googen hiems, giver mae heads-up. we would love to
i ran into steve liesman there. he wanted to get me out for a drink, but you know how hard that is. anyway, you know, i think that the consensus is that the crisis is behind us. not just the european crisis but the whole crisis. and this relief we are having gives a sense of euphoria and is pushing us higher. and i don't see anything standing in the way after serious pull back until we get saip up around 1575 and then i think we're going to out for a while. >> for the investors...
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Feb 6, 2013
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the man who runs nokia, former microsoft executive, friend of steve ballmer. we know microsoft sniffed around rim. do you think there is a chance that they do more than partner up? you think microsoft could make a move for nokia to buy? >> i guess anything could happen. i wouldn't go into the stock expecting that to happen. what i would do is say okay, of all my speculative money i have to work with, i think nokia is here. i would work with the stop at like three bucks. i wouldn't take more than 25% risk. i think if it heads below 3, something major could be wrong. >> right. >> and perfect timing for this segment. we just flashed up a moment ago the fact that blackberry has the best ever for blackberry in canada yesterday. i want it pose, and i'm also kind of stealing your thunder because it is one of your 2013 predecks and a speculative prediction about maybe oracle making a play. what do you reckon, jeff? >> well, acquiring companies the last 24 months, i wouldn't play that out of the realm, mandy. remember a couple years ago, at 50, $50, and they got very c
the man who runs nokia, former microsoft executive, friend of steve ballmer. we know microsoft sniffed around rim. do you think there is a chance that they do more than partner up? you think microsoft could make a move for nokia to buy? >> i guess anything could happen. i wouldn't go into the stock expecting that to happen. what i would do is say okay, of all my speculative money i have to work with, i think nokia is here. i would work with the stop at like three bucks. i wouldn't take...
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Jan 30, 2013
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steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later on. >> when the gdp number hit the tape, karen, were you surprised we were able to look past it? we did see the futures go lower and it just kind of -- as if it didn't happen. >> yeah, funny that the same information in another era, three months ago would have been a disaster. i don't know how to account for it. starting to see the volatility index speak to that. you can probably speak much better about that than i. >> it has picked up dramatically. 7.5% today. after -- what, four out of the last five days, we've seen the vix rise. made it through 14 tod
steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later...
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Feb 4, 2013
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steve liesman, we'll see you tomorrow. join us tomorrow. "squawk on the street" starts right now. >>> good morning. welcome to "squawk on the street." i'm carl quintanilla, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at europe, that's where the story's going to be for most of the morning before we close at 11:30 eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this p
steve liesman, we'll see you tomorrow. join us tomorrow. "squawk on the street" starts right now. >>> good morning. welcome to "squawk on the street." i'm carl quintanilla, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at...
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and like steve -- stevel ly ees who had play on thursday night, i'm a tech phobe. user experience is all i care about. the blackberries i had liked because of the keypad. i thought it was a good e-mail machine. everything else i don't particularly like. and it is a very cool operating system. and -- >> doesn't have a keyboard, right? >> they are going to do two. one with a keyboard, one without. the one with the keyboard is coming out a month later. >> that's the one -- >> actually, the thing about it is, you can do it on one hand. it learns the prescriptive -- what do you call that when -- you type something in and predict it -- >> predictive. >> the predictive script or texting. i don't know what i'm talking about. the predictive scripting, it learns your -- >> i think that's freaky. i'm sorry. >> after a month it gets -- >> it is clever/scary. >>> will you buy the blackberry 10? more later. we want to know in the meantime if you're planning to buy one of the new devices, e-mail us here or tweet us from your blackberry, iphone, at cnbcwex or kellyevans. >>> in ne
and like steve -- stevel ly ees who had play on thursday night, i'm a tech phobe. user experience is all i care about. the blackberries i had liked because of the keypad. i thought it was a good e-mail machine. everything else i don't particularly like. and it is a very cool operating system. and -- >> doesn't have a keyboard, right? >> they are going to do two. one with a keyboard, one without. the one with the keyboard is coming out a month later. >> that's the one --...
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subordinated debt for them as opposed to, you know, buying the company which maybe a couple of years ago steve ballmer might have thought about doing. i understand the strategy for microsoft. and i think they're doing it in a relatively low-risk way. >> is this just michael dell saving his reputation, last word? >> i think that's part of it. i think certainly, you know, there's been stories that he cares deeply about what happens in austin. dell's a big employer there. and certainly he wants to, you know, go back to the days where he was seen as one of the top thinkers and business leaders in the world. and as the company has fallen from those heights, so has his reputation. >> okay. editor-in-chief of yahoo! finance. great to have you again. we really appreciate your time. >> thank you. i vote for the iron. >> again -- austin, you know, can't understate the importance that he might see for his personal reputation. nevertheless, stick around. we'll have a break. >>> coming up, disney posts blockbuster earns. the company has big plans for "star wars." >>> welcome back to "worldwide exchange." i
subordinated debt for them as opposed to, you know, buying the company which maybe a couple of years ago steve ballmer might have thought about doing. i understand the strategy for microsoft. and i think they're doing it in a relatively low-risk way. >> is this just michael dell saving his reputation, last word? >> i think that's part of it. i think certainly, you know, there's been stories that he cares deeply about what happens in austin. dell's a big employer there. and certainly...
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. >> you know, todd, steve lewis at monument securities is basically asking today whether in europe, mario draghi is playing a confidence strike on everybody. and he can't actually come in to intervene in the markets in order to support the bond markets. do you bother watching european news anymore or is it dead to you? does it not matter to the european rally? >> yeah, you know, that's a great question, simon. and that's something i was -- we were thinking in the back of our minds, back late last year how europe is in a way disappeared from the headlines. it seems the past three, four years now, early in the first quarter, europe always comes back in the picture. it was something that was on our minds in terms of what -- >> so do you want -- >> the ball will drop. >> but do you watch -- >> if you think about it, i think there has been a disconnect between the u.s. equity markets and europe throughout the last 12 or 18 months. the u.s. market will respond to europe. do we watch it? yes, we do. i think there's some noise, if you will, from day to day. but overall, there has been a dis
. >> you know, todd, steve lewis at monument securities is basically asking today whether in europe, mario draghi is playing a confidence strike on everybody. and he can't actually come in to intervene in the markets in order to support the bond markets. do you bother watching european news anymore or is it dead to you? does it not matter to the european rally? >> yeah, you know, that's a great question, simon. and that's something i was -- we were thinking in the back of our minds,...